Laidlaw & Company broker Jason Russo (CRD# 2588652) is accused of unsuitable investment recommendations. He has been registered with Laidlaw & Company in New York, New York, since 2004.
In August 2005, the state of Massachusetts sanctioned the broker to heightened supervision for a period of two years and prevented him from engaging in a supervisory role at LPL Financial LLC. At this time, he was the subject of seven disclosures reported on his CRD alleging unauthorized trading, fraud, churning, suitability, misuse of margin, and misrepresentation, while employed at various broker-dealers since 1994, the number and type of allegations against Russo suggest a pattern of behavior that necessitates that the division place conditions on his registration as an agent of LCL.”
Jason Russo Customer Complaints
He has been the subject of three customer complaints between 2003 and 2025, according to his CRD report. The most recent complaint was regarding:
September 2025. “After receiving and signing the necessary offering documents, the customer alleges now that the investments were illiquid and unsuitable. The customer has filed this claim solely against the firm.” The customer is seeking $350,000 in damages, and the case is currently pending.
Pursuant to FINRA Rules, member firms are responsible for supervising a broker’s activities during the time the broker is registered with the firm. Therefore, Laidlaw & Company may be liable for investment or other losses suffered by Jason Russo’s customers.
Erez Law represents investors in the United States for claims against brokers and brokerage firms for wrongdoing. If you have experienced investment losses, please call us at 888-840-1571 or complete our contact form for a free consultation. Erez Law is a nationally recognized law firm representing individuals, trusts, corporations and institutions in claims against brokerage firms, banks and insurance companies on a contingency fee basis.
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